Trade War: China strikes the US, increasing duties to 125%

For their part, the PRC stated that they would fight American duties imposed by US President Donald Trump, his own counter -arrival, calling Trump's actions "economic intimidation. " Donald Trump's universal duties to China's goods are already 145%. As the White House recently explained, up to 20 percent, which was introduced in March on April 9, 125%.

The actions of Trump forced the company executives to warn about the potential recession, and some leading US trading partners-to take measures in response, introducing their own import duties to a 90-day pause. But Trump and official China continued to raise tariffs. "The alternate increase in the United States of abnormally high duties into China has become a game of numbers that is not practical and will become a joke in the history of the world economy.

However, if the United States insistence on continuing the significant oppression of China's interests, China will resist and fight to the end," the MIMP's statement said. Last week, Beijing stopped the import of sorghum, poultry and bone flour from some US companies, and increased export control over rare earth minerals that are crucial for various technologies, in particular for US military production, and brought several dozen US companies into the lists that will not allow them to sell them.

Given the scale of the economies of the two countries, experts are afraid of global economic upheavals. The head of the WTO NGOZA OPONGO-IIEAL has declared this week that the trade war between the United States and China could "cause serious harm to the prospects of the world economy. " Meanwhile, experts in conversation with focus confirmed the negative impact of the trade war on the world economy.

In particular, according to financial analyst Andriy Shevchyshyn, Donald Trump's cadence of rapid restoration of economic growth is not worth expecting, and now everything goes to the fact that the global economic crisis is approaching. We will remind, earlier Focus wrote about why Donald Trump actually declared the trade war of China and where the roots of the economic enmity of two great powers came from.